The prices in real estate in Negaunee, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Negaunee has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $133. In the following month the price per sq.feet decreased considerably to $96. The price for the following two months in (September, October) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has decreased 89 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $105.75 to $94 during November, and December.
Based upon to the price in Negaunee (cities), this has fallen considerably in the last 6 months. The average price for July is $428,622. During August the price had a considerable reduction till $214,756. During the following two months (September, October) the average price had a considerable reduction of 61 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $258,716 to $146,424, which means a 57 % fall.